MLchartDataset catalogue

"Absolute" exclusions

Term · Insurance and risk management · MLC-T-INS-000282

Policy provisions that eliminate coverage for specific perils or types of claims without exception or qualification. These exclusions are drafted to be as broad as possible, leaving no ambiguity regarding the lack of coverage for the stated circumstances. An example is an absolute pollution exclusion, which removes coverage for all pollution-related damages regardless of cause or intent.

Table 1. Record
IdentifierMLC-T-INS-000282
FieldInsurance and risk management
SubjectProfessional Liability
Record as JSON 
{
  "id": "MLC-T-INS-000282",
  "term": "\"Absolute\" exclusions",
  "field": "Insurance and risk management",
  "definition": "Policy provisions that eliminate coverage for specific perils or types of claims without exception or qualification. These exclusions are drafted to be as broad as possible, leaving no ambiguity regarding the lack of coverage for the stated circumstances. An example is an absolute pollution exclusion, which removes coverage for all pollution-related damages regardless of cause or intent.",
  "subject": "Professional Liability",
  "url": "https://mlchart.com/terminology/insurance/absolute-exclusions/"
}

Record 11 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.